FameEX Morning Crypto News Recap | June 19, 2025
2025-06-19 03:16:46Benchmark Interest Rate Held as Fed Pauses for Fourth Time
The Federal Reserve kept rates at 4.25%-4.50% for the fourth time, matching market expectations.
Trump Blasts Federal Reserve Over Interest Rate Decision
The Fed’s decision to hold rates drew Trump’s criticism, while the Supreme Court appears to back Powell’s job security, restricting Trump’s power to remove the central bank chief.
Iran Contacted U.S., Says Trump; Bitcoin Jumps to $105,000
Trump revealed Iran had contacted the U.S., triggering a Bitcoin rebound to $105,000. Bitcoin’s rise also reflects improved U.S. unemployment data, calming inflation worries. Still, markets remain cautious amid trade tariffs and Middle East tensions, which could impact oil prices and economic stability.
Fed May Restart Rate Cuts Soon, Say Financial Institutions
Multiple institutions expect the Fed to cut rates this year, with First Savings Bank forecasting cuts in September and December, while IG Group sees a potential 25 basis point reduction as early as July.
U.S. Tariffs Peak Since 1937, Inflation Could Hit 3% Soon
Former Fed Vice Chair Richard Clarida cautioned that inflation remains a risk, as recent data exceeded forecasts. In June, U.S. consumer tariffs surged to 15.6%, the highest since 1937, possibly lifting short-term inflation to approximately 3%.
Britain Plans New Banking Crypto Restrictions Ahead of 2026
David Bailey of the Bank of England announced plans to introduce new regulations on banks’ cryptocurrency holdings before 2026. Aimed at reducing financial stability risks, the proposal suggests capping bank exposure to crypto assets like Bitcoin at a maximum of 1%.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.